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Elmendorf, Douglas W.

Overview
Works: 57 works in 183 publications in 1 language and 4,636 library holdings
Classifications: HJ2051, 332
Publication Timeline
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Publications about Douglas W Elmendorf
Publications by Douglas W Elmendorf
Most widely held works by Douglas W Elmendorf
Confronting the nation's fiscal policy challenges statement of Douglas W. Elmendorf, Director, before the Joint Select Committee on Deficit Reduction, U.S. Congress by Douglas W Elmendorf( file )
2 editions published in 2011 in English and held by 265 libraries worldwide
"The federal government is confronting significant and fundamental budgetary challenges. If current policies are continued in coming years, the aging of the population and the rising cost of health care will boost federal spending, as a share of the economy, well above the amount of revenues that the federal government has collected in the past. As a result, putting the federal budget on a sustainable path will require significant changes in spending policies, tax policies, or both. The task of addressing those formidable challenges is complicated by the weakness of the economy and the large numbers of unemployed workers, empty houses, and underused factories and offices. Changes that might be made to federal spending or tax policies could have a substantial impact on the pace of economic recovery during the next few years as well as on the nation's output and people's income over the longer term."--Summary
Options for expanding health insurance coverage and controlling costs statement of Douglas W. Elmendorf, Director, before the Committee on Finance, United States Senate by Douglas W Elmendorf( Computer File )
2 editions published in 2009 in English and held by 260 libraries worldwide
Expanding health insurance coverage and controlling costs for health care statement of Douglas W. Elmendorf, director, before the Committee on the Budget, United States Senate by Douglas W Elmendorf( Computer File )
2 editions published in 2009 in English and held by 256 libraries worldwide
Discretionary spending statement of Douglas W. Elmendorf, Director, before the Joint Select Committee on Deficit Reduction, U.S. Congress by Douglas W Elmendorf( file )
1 edition published in 2011 in English and held by 255 libraries worldwide
The economic outlook and fiscal policy choices statement of Douglas W. Elmendorf, director before the Committee on the Budget, United States Senate by Douglas W Elmendorf( file )
1 edition published in 2010 in English and held by 248 libraries worldwide
CBO's 2011 long-term budget outlook statement of Douglas W. Elmendorf, Director, before the Committee on the Budget, U.S. House of Representatives by Douglas W Elmendorf( file )
1 edition published in 2011 in English and held by 236 libraries worldwide
Government debt by Douglas W Elmendorf( Book )
19 editions published between 1998 and 1999 in English and Undetermined and held by 118 libraries worldwide
Abstract: This paper surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future fiscal policy. The paper then presents the conventional theory of government debt, which emphasizes aggregate demand in the short run and crowding out in the long run. It next examines the theoretical and empirical debate over the theory of debt neutrality called Ricardian equivalence. Finally, the paper considers the various normative perspectives about how the government should use its ability to borrow
Restraining the leviathan : property tax limitation in Massachusetts by David M Cutler( Book )
14 editions published between 1996 and 1999 in English and held by 105 libraries worldwide
Abstract: Proposition 2.5, a ballot initiative approved by Massachusetts voters in 1980 sharply reduced local property taxes and restricted their future growth. We examine the effects of Proposition 2.5 on municipal finances and assess voter satisfaction with these effects. We find that Proposition 2.5 had a smaller impact on local revenues and spending than expected; amendments to the law and a strong economy combined to boost both property tax revenue and state aid above forecasted amounts. Proposition 2.5 did reduce local revenues substantially during the recession of the early 1990s. There were two reasons for voter discontent with the pre-Proposition 2.5 financing system: agency losses from inability to monitor government were perceived to be high, and individuals viewed government as inefficient because their own tax burden was high. Through override votes, voters approved substantial amounts of taxes above the limits imposed by the Proposition
Fiscal policy and Social Security policy during the 1990s by Douglas W Elmendorf( Book )
11 editions published in 2001 in English and held by 83 libraries worldwide
Abstract: This paper reviews the course of fiscal policy and Social Security policy during the 1990s. The 1990s witnessed two fundamental changes in U.S. fiscal policy: a dramatic improvement in the current and projected budget balance, and a shift to a new political consensus in favor of balancing the budget excluding Social Security rather than the unified budget. The dramatic improvement in the budget outlook stemmed both from favorable developments in the economic environment and from deliberate policy actions that reduced budget deficits and later did not spend down the surpluses. In contrast, the 1990s did not witness significant changes in Social Security policy, although alternative visions of Social Security reform received tremendous analytic and popular attention. The 1994-1996 Advisory Council on Social Security presented three reform plans that placed important emphasis on additional prefunding. Each involved some form of investment in equities either centrally, through the trust fund, or in a decentralized manner, through individual accounts. Late in the decade, with the emergence of on-budget surpluses, the possibility of general revenue contributions to the Social Security system came under serious consideration. In the end, President Clinton decided to pursue Social Security reform based on general revenue contributions to the trust fund and centralized investment in equities rather than creating individual accounts, but his proposal was not adopted
The deficit gamble by Laurence M Ball( Book )
14 editions published in 1995 in English and held by 81 libraries worldwide
Abstract: The historical behavior of interest rates and growth rates in U.S. data suggests that the government can, with a high probability, run temporary budget deficits and then roll over the resulting government debt forever. The purpose of this paper is to document this finding and to examine its implications. Using a standard overlapping-generations model of capital accumulation, we show that whenever a perpetual rollover of debt succeeds, policy can make every generation better off. This conclusion does not imply that deficits are good policy, for an attempt to roll over debt forever might fail. But the adverse effects of deficits, rather than being inevitable, occur with only a small probability
Taxation of labor income and the demand for risky assets by Douglas W Elmendorf( Book )
11 editions published between 1991 and 1996 in English and held by 72 libraries worldwide
The effect of uninsured labor income risk on the joint saving/portfolio composition decision is analyzed using new techniques from the theory of multiple risk-bearing. Applying this analysis, the effect of labor income taxes on the demand for risky securities is considered. It is well known that when private insurance markets are incomplete, the insurance afforded by labor income taxes can reduce overall saving. This paper establishes that - given plausible restrictions on preferences - the insurance afforded by labor income taxes increases the demand for risky securities, even when labor income is statistically independent of the returns to risky securities
 
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Alternative Names
Elmendorf, Douglas
Elmendorf, Douglas William
Languages
English (89)
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